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Steel Partners (SPLP) investor relations material
Steel Partners Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for Q3 2025 increased 4.4% year-over-year, driven by strong growth in Financial Services and modest gains in Diversified Industrial, partially offset by declines in Supply Chain and Energy segments.
Net income for Q3 2025 was $71.2 million, up from $36.9 million in Q3 2024; nine-month net income was $177.1 million, down from $196.6 million in the prior year period.
The company maintained compliance with all debt covenants and reported robust liquidity, with working capital of $716.4 million and $532.8 million available under its credit facility as of September 30, 2025.
Financial highlights
Q3 2025 revenue: $543.5 million (up 4.4% year-over-year); nine-month revenue: $1.59 billion (up 4.2%).
Q3 2025 net income: $71.2 million (up 93% year-over-year); nine-month net income: $177.1 million (down 10%).
Q3 2025 EPS (basic): $3.75; nine-month EPS (basic): $9.32.
Q3 2025 operating cash flow: $150.2 million; nine-month investing cash outflow: $139.7 million; nine-month financing cash inflow: $43.7 million.
Realized and unrealized gains on securities contributed $26.2 million in Q3 2025.
Outlook and guidance
Management expects to remain in compliance with all credit covenants and maintain sufficient liquidity for at least the next twelve months.
The company continues to focus on operational improvements, capital allocation, and potential acquisitions to drive long-term value.
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